Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date
of
Report (Date of earliest reported): January 17, 2007
EMVELCO
CORP.
(Exact
name of registrant as specified in charter)
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Delaware
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001-12000
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13-3696015
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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468
North
Camden Drive Suite 256(I) Beverly Hills, CA 90210
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (310) 860-5697
Copies
to:
Gregory
Sichenzia, Esq.
Stephen
M. Fleming, Esq.
Sichenzia
Ross Friedman Ference LLP
1065
Avenue of the Americas
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instructions A.2. below):
/_/
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
/_/
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
/_/
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
/_/
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
1.01 Entry into Material Definitive Agreements
Emvelco
RE Corp., a Nevada corporation (“ERC”), notified Emvelco Corp. (the “Company”)
that ERC closed on two (2) real estate transactions on January 17, 2007 and
January 18, 2007 in connection with the purchase of two separate properties
located on Edinburgh Avenue and Laurel Avenue, respectively (the “Edinburgh and
Laurel Properties”). The Company owns 43.33% of ERC’s oustanding securities. The
Edinburgh and Laurel Properties are located in the Miracle Mile District of
the
greater Los Angeles area in close proximity to the Harper Property that ERC
purchased on September 27, 2006 and reported on Form 8-K on October 3, 2006.
The
Edinburgh and Laurel Properties were acquired for approximately $1,000,000
each.
ERC intends to develop each of the Harper Property and Edinburgh and Laurel
Properties into three (3) single family residences and expects completion during
the coming year. EastWest Bank has agreed to provide construction financing
for
the development of these properties.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act 1934, the registrant has
duly
caused this report to be signed on its behalf by the undersigned, thereunto
duly
authorized.
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EMVELCO
CORP. |
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By: |
/s/ YOSSI
ATTIA |
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Name:
Yossi Attia |
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Title:
Chief Executive Officer |
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| Date: January
22, 2007 |
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Beverly
Hills, California
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